Plan Ledger DOL Form 5500 · updated monthly

Hyper Networks LLC401(k)

HYPER NETWORKS LLC 401 K PLAN · PINEVILLE, NC · plan year 2023

Reported admin expense ratio · 2023
1.14%

Hyper Networks LLC reported $6,980 in plan administrative expenses for 2023: 1.14% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.96% to 1.14%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,912th of 2,005), and 5,161st of 5,337 in construction.

Plan summary
Net assets, end of year$747,017
Participants with balances227
Active participants122
Employer contributions—
Employee contributions$267,270
Employer contribution per active participant—
Average account balance$3,291
Benefits paid to participants$91,941
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$747K · 227 accts
2022$475K · 227 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,362
Investment management$2,618
Total administrative$6,980
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$6,980

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024Not separately reported
2023$6,980 · 1.14%
2022$4,204 · 0.96%
Similar plansConstruction · North Carolina
National on Demand NC$1.5M · 0.37%
The Spangler Group, LLC NC$1.1M · 0.54%
Smith and Jennings, Inc. NC$702K · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813861064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.